Gulf Oil and Gas accountACCOUNT

China Willing to Import Gas from Iran

Source: www.gulfoilandgas.com 10/15/2011, Location: Asia

Share |
Managing director of the National Iranian Gas Export Company (NIGEC), Hossein Bidarmaghz says Pakistan wants to transit Iran's gas and China is eager to import it.

He went on to say that, China's need to natural gas and LNG would be equal Europe's consumption by the end of 2030 adding Iran benefits relative advantage in gas exports in comparison to its rivals Qatar and Russia due to its geographical position that is located between two consumption markets, China and Europe, Iran's SHANA news agency reported.

On the other hand, India will turn into biggest gas consumption in Asia in the future, the official said.

He noted that extending Iran-Pakistan's gas pipeline to China was one of the options for exporting gas adding Iranís delegation will raise the issue during the scheduled visit to China.

Elsewhere in his remarks, he said gas production and consumption now equal in the UAE, it meets part of its energy needs from Qatar in the pipeline and LNG forms adding the country prefer to purchase gas from Iran due to short distance between the two countries.

Beside UAE, Iran has presented its technical and economical proposals related to gas exports to Bahrain and Kuwait waiting for their reply, he concluded.

Financials and Investment News in Iran >>

Botswana >>  4/26/2017 - Tlou Energy has raised a total of £4 million for its Botswana CBM project. Funds will be used to undertake additional field appraisal to expand Tlouís...
Norway >>  4/26/2017 - Seadrill Limited (Seadrill), as part of its restructuring plans, has signed and closed an agreement with Archer and its lenders to extinguish approxim...

Norway >>  4/26/2017 - Seadrill Limited (Seadrill) has amended the revolving credit facility provided to North Atlantic Drilling Ltd., a majority owned subsidiary, to mature...
Italy >>  4/22/2017 - Key Italian oil refiner Saras says it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 201...

Oman >>  4/22/2017 -  A proposal to set up a $2.3 billion-greenfield methanol project by Mingyuan Holdings Group Co. Ltd in Duqm will depend on the Sultanateís commitment ...
Iran >>  4/20/2017 - New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and tra...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |

More News

 

Oil & Gas Companies in Iran >>


Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.